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2-bed · 2,047 sqftMarina Residences 4, Palm Jumeirah · -1th floor · completed 2009

LG03, Marina Residences 4

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit LG03 · DLD and Ejari recordsUpdated 1 May 2023
Last soldAED 2.07M1 May 2023
Current rentAED 126K /yr10 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for LG03, Marina Residences 4

What is LG03 worth today?

Last sold for AED 2,070,000 in 2023

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1 May 2023SoldReady
AED 2,070,000AED 1,011 per sqft
8 Dec 2022SoldReady
AED 1,997,000AED 975 per sqft
10 Sep 2022RentedRenewal
AED 126,184/yr12 months · AED 62 per sqft
10 Feb 2021RentedRenewal
AED 95,000/yr12 months · AED 46 per sqft
10 Feb 2020RentedRenewal
AED 100,000/yr12 months · AED 49 per sqft
20 Sep 2017RentedNew contract
AED 125,000/yr12 months · AED 61 per sqft
9 Aug 2016Sold by developerReady
AED 1,994,880AED 974 per sqft
1 Aug 2014RentedNew contract
AED 166,356/yr6 months · AED 81 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2023.

Key facts

Type
2-bed apartment
Size
2,047 sqft
Floor
-1th of 14
Parking
4-LG86
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,100 /yr
Last sold
AED 2.07M · May 2023
Building
Marina Residences 4

About LG03, Marina Residences 4

LG03 is a two-bedroom apartment of 2,047 sqft on the -1th floor of Marina Residences 4, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 1 May 2023 for AED 2,070,000, or AED 1,011 per sqft, 14% below the AED 1,180 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 10 September 2022, is AED 126,184 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 34,100 a year.

Sales and rents for LG03 over time

Sales
Unit LG03, each saleTypical two-bed in Marina Residences 4
2M3M20102014201820222026Typical sale price by year: 2010 AED 2,740,000; 2011 AED 2,744,600; 2012 AED 2,224,250; 2013 AED 2,500,000; 2014 AED 2,675,000; 2015 AED 2,550,050; 2016 AED 2,250,000; 2017 AED 2,200,000; 2018 AED 2,000,000; 2019 AED 1,762,500; 2021 AED 2,176,467; 2022 AED 2,200,000; 2023 AED 2,700,500; 2024 AED 3,000,000; 2025 AED 3,440,000Sold by developer, August 2016: AED 1,994,880 (AED 974 per sqft)Sold, December 2022: AED 1,997,000 (AED 975 per sqft)Sold, May 2023: AED 2,070,000 (AED 1,011 per sqft)

LG03 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit LG03, each contractTypical two-bed in Marina Residences 4
100K150K200K2012201620202024Typical rent by year: 2012 AED 137,500; 2013 AED 141,750; 2014 AED 160,000; 2015 AED 166,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 109,000; 2022 AED 126,000; 2023 AED 136,000; 2024 AED 160,023; 2025 AED 180,000; 2026 AED 200,000New contract, August 2014: AED 166,356 a yearNew contract, September 2017: AED 125,000 a yearRenewal, February 2020: AED 100,000 a yearRenewal, February 2021: AED 95,000 a yearRenewal, September 2022: AED 126,184 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Marina Residences 4, and where LG03 sits

All 105 2-beds →

LG03 last sold in May 2023 at AED 1,011 per sqft, 14% below what two-beds in Marina Residences 4 were fetching at the time (AED 1,180). Over the last 12 months two-beds sold for AED 3,080,000 to 7,000,000, around AED 1,711 per sqft, and rent for AED 150,000 to 500,000 a year. LG03's AED 126,184 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Dec 20254,300,000
24 Dec 20253,080,000
8 Dec 2025110,175
19 Jun 20253,440,000
4 2-bed sales in the last 12 months

Marina Residences 4

Building

166 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 7 sold in the last 12 months.

Typical price per sqft
AED 2,076
Typical sale
AED 5.85M
Typical rent
AED 202K /yr
Typical yield
5.2%
Marina Residences 4, Palm Jumeirah: prices, sales and rents →

Other units on the -1th floor

All 166 units in Marina Residences 4
Value
LG012-bedAED 2.25M · Mar 2013
LG022-bedAED 2.1M · Jul 2017
LG042-bedAED 1.59M · Dec 2023
LG053-bedAED 2.7M · Sep 2013
LG063-bedAED 5.1M · Mar 2016
LG073-bedAED 3.39M · Apr 2016
TH013-bedAED 5.16M · Oct 2013
1–7 of 10

LG03, Marina Residences 4 in numbers

  • Sold 3 times: first on 9 August 2016 for AED 1,994,880, last on 1 May 2023 for AED 2,070,000 (AED 1,011 per sqft).
  • Rented since August 2014 on 5 Ejari contracts. The rent fell from AED 166,356 to AED 95,000 in 2021 and recovered to AED 126,184 by September 2022.
  • At AED 126,184 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 34,100 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 4 sold for AED 3,080,000–7,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,076 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2023.

Questions about LG03, Marina Residences 4

What did unit LG03 last sell for?

AED 2,070,000 on 1 May 2023: AED 1,011 per sqft for 2,047 sqft. The unit has 3 registered sales; the first was AED 1,994,880 in August 2016.

What is the rent for unit LG03?

AED 126,184 a year on the contract renewed on 10 September 2022. The previous contract, from February 2021, was AED 95,000; the unit has been rented since August 2014.

How big is unit LG03?

2,047 sqft (190.2 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.

What is unit LG03 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Residences 4 sold for AED 3,080,000 to 7,000,000 in the last 12 months, around AED 1,711 per sqft.

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Mortgage on LG03, Marina Residences 4

Starts from the last sale price (AED 2.07M, 1 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,070,000
Deposit, UAE resident (20%)
AED 414,000
Deposit, non-resident (40%)
AED 828,000
Monthly over 25 years at 3.7%
AED 8,469

Plus AED 91,950 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →